Virtu Financial (NASDAQ:VIRT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Virtu Financial (NASDAQ:VIRT) last released its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The firm’s quarterly revenue was up 64.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts expect Virtu Financial to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Virtu Financial (VIRT) opened at $19.10 on Thursday. The stock has a market cap of $3,580.00 and a PE ratio of 159.17. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23. Virtu Financial has a 1-year low of $13.10 and a 1-year high of $19.70.
VIRT has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Virtu Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Evercore ISI increased their price objective on shares of Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. Citigroup upgraded shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Wednesday, November 8th. Goldman Sachs Group increased their price objective on shares of Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $18.00 price objective on shares of Virtu Financial in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Virtu Financial currently has an average rating of “Hold” and a consensus target price of $17.50.
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About Virtu Financial
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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